Why Samsung’s Founder Said 'Burn Them All' to His Own PhonesSamsung Electronics faces a crisis after a poor Q3 report, prompting the semiconductor head to apologize, recalling the Anycall bonfire.
Why Korea's Top Builders Have Given Up on Building the World's Tallest SkyscraperSouth Korean construction companies have withdrawn their bids for Saudi Arabia's new landmark building, the Jeddah Tower,.
Secret World of South Korea's Corporate Elite: VIP Restaurants RevealedAmidst the recent frequent visits of major foreign dignitaries, it's been revealed that there's a te ...
Samsung Battles Internal and External Challenges with Extra Working DayA six-day work week was introduced for executives of Samsung Group affiliates According to the business community, on the 17th, all executives of Samsung Group affiliates decided to work six days a week, starting as early as the third weekend of April. Samsung Electronics, the core subsidiary of the Samsung Group, already has over half […]
Korean Government to Pay $430M to U.S. Hedge Fund for Involvement in Samsung MergerSamsung C&T and Cheil Industries MergerDecision by the Permanent Court of ArbitrationGovernment to Pay $430 Million in Compensation It has been revealed that the U.S. hedge fund Mason Capital initiated the Investor-State Dispute Settlement (ISDS) process, citing losses related to the Samsung merger. Our government has been ordered to compensate partially. Consequently, the government is […]
Samsung SDS's Shin Da Som Tops Company Popularity Poll: Who Is She?Samsung SDS celebrated April Fools’ Day by holding an AI popularity poll on its official Instagram Samsung SDS, an affiliate of Samsung Electronics, held a unique April Fools’ Day event. “Three mentors, three styles at Samsung SDS. Please comment on the photo you like the most!” was posted on the official Instagram of Samsung SDS. […]
From Fashion Icon to Business Tycoon: Lee Seo Hyun's Comeback to SamsungLee Seo Hyun returns to management after six yearsStrategic Planning Executive at Samsung C&TFounder of ‘8 seconds’ News has emerged that Lee Seo Hyun, the third child of the late Samsung chairman Lee Kun Hee and the Samsung Welfare Foundation director, is returning to management after a hiatus. Samsung C&T recently held a management committee […]
Secret Fortune of Unpaid CEOs: How They Amass Wealth Without a PaycheckSamsung Chairman Lee Jae Yong Maintains Unpaid Management for 7th YearReceives Dividend of 3.244 Trillion WonTesla’s Musk Also Forgoes Salary Due to their large amounts, corporate CEOs’ annual incomes often spark controversy as soon as they are announced. However, the wealth of CEOs who earn “zero per hour” is now a hot topic. A CEO […]
Naver's Founding Members: Where Are They Now? The founder of Naver, Korea's No. 1 portal, is Lee Hae-jin, a global bookie investor (GIO). Everyone thinks he founded Naver by himself, but there were seven other founders behind him...
Samsung Electronics Employees' Average Salary Decreases by 11% Compared to Last YearAn average of $90,000Union members surpass 20,000 It has been reported that the average annual salary of Samsung Electronics employees has decreased by about 11% compared to the previous year. According to Samsung Electronics’ annual business report released on the 12th, the average salary of Samsung Electronics employees in 2023 was $90,000, down about 11% […]
Diamond Spoon Actor Yoon Tae Young Reveals His Surprising Net WorthYoon Tae Young, the son of Samsung’s Vice Chairman Yoon Jong Yong, recently shared the scale of his wealth. On March 12, a preview of next week’s SBS Strong Heart VS episode featured actors Lee Yu Bi, Lee Joon, Yoon Tae Young, Kim Dong Hoon, and Lee Jung Shin from The Escape of the Seven: […]
British Automaker INEOS Under Fire for Electric SUV Resembling G-WagonUK Automaker, INEOSNew model unveiled following GrenadierEye-catching design similar to the Mercedes G-Wagon UK’s INEOS Automotive has unveiled its electric SUV, the Fusilier. At first glance, it attracts attention as it resembles Land Rover Defender and Mercedes G-Wagon. It was officially unveiled on February 23, 2024, and full-scale production is scheduled to begin in 2027. […]
FDA Warns of Risks of Inaccurate Wearable 'Noninvasive Blood Glucose Monitoring'Recently, wearable manufacturers are focusing on “noninvasive blood glucose monitoring” features. Noninvasive blood glucose monitoring is a feature that allows you to measure blood glucose without pricking the skin. Blood Glucose Monitoring Diabetes patients typically have to measure their blood glucose levels at set times. In the past, a small needle called a lancet was […]
Samsung C&T Plans to Build Massive Solar Power Plant in Indiana, USASamsung C&T Corporation is building a massive solar power plant in Indiana, USA. They are tightening the reins on expanding solar development projects, which they have pinpointed as a future growth engine. They are in full swing to leap forward as a global eco-friendly energy company. According to a report submitted to the Bartholomew County […]
Mark Zuckerberg's Visit to South Korea Sparks Discussions on AI and XR Collaboration with LG ElectronicsPotential Discussions on AI and XR CollaborationPossibility of Meeting with Samsung Electronics Chairman Lee Jae Yong Mark Zuckerberg, CEO of Meta, who plans to visit Korea at the end of this month, will likely meet with William Cho, LG’s chief strategy officer. According to Yonhap News, on the 25th, the two parties discussed that Zuckerberg […]
Samsung's Galaxy AI Sets New Standards: What to Expect from the S24 Series The competition for AI phones is growing, led by Samsung Electronics' Galaxy S24, and Chinese manufacturers and Apple are also entering the market. The AI phone market is expected to drive innovation in ICT and provide direct benefits of AI technology to consumers...
What Brings Mark Zuckerberg to Korea? Insights into His Possible Agenda Facebook CEO Mark Zuckerberg will visit South Korea. The President's office is considering meeting with the CEO, and the visit will reportedly discuss business related to AI semiconductors...
Korean Semiconductors Caught in the Middle: Facing Pressure from U.S., China, and Japan With US President Joe Biden's visit to South Korea, the semiconductor industry is facing the challenge of securing competitiveness. The U.S. and Japan are expanding with software competitiveness and subsidies, and China is also looking for a way out of the U.S.'s grasp.
Samsung's Foldable Panel Receives U.S. Military Certification for Durability StandardsProven Durability From Freezing, Temperature Fluctuations, Falls, and Acceleration Samsung Display’s foldable panel has received “military spec” certification from the U.S. Department of Defense’s durability standard test. Samsung Display is the first to receive the certification for its foldable panel. Samsung Display announced on the 19th that its 7-inch foldable panel, used in the latest […]
Texas Jury Rules in Favor of Samsung Electronics in $4 Billion Semiconductor Patent Case [TheGuru=SoYoung Oh] Samsung Electronics is expected to win its semiconductor patent infringement battle against a US patent giant. It received a verdict from the jury that it did not infringe the patent. According to industry reports on the 19th, a jury in the U.S. District Court for the Western District of Texas ruled on the 15th (local time) that Samsung Electronics did not infringe on Demaray LLC's semiconductor patents. The verdict did not conclude on the validity of the two patents at issue (patent numbers 7544276 and 7381657). With this verdict, Samsung effectively won the first trial. Samsung was sued by Demaray in July 2020. Samsung Electronics America (SEA), Samsung Semiconductor Inc (SSI), and Samsung Austin Semiconductor LLC (SAS), a U.S. semiconductor fab in Austin, Texas, were also named as defendants. Demaray alleged that Samsung had misappropriated two patents related to an oxidation process that coats wafers with a thin film, and sought more than $4 billion in damages for alleged patent infringement. Demaray called Samsung's semiconductor equipment supplier Applied Materials to testify. This was an unsuccessful attempt to prove Samsung's alleged infringement. Demaray is a patent management company (NPE) that makes money by suing companies over patents without making products. It is headquartered in California, USA, and holds more than 60 patents. It has been involved in lawsuits with Intel and Applied Materials...
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